JET AGE FINANCE PVT. LTD

PROFILE

Jet Age Finance Pvt. Ltd. provides brokerage services to financial institutions, mutual funds, HNIs, foreign institutional investors, and corporate sectors. The company offers services, including institutional equity broking to cater foreign funds in Singapore and Hong Kong; portfolio management; IPO; and mutual fund distribution services. It also provides equity and derivatives broking services, such as monitoring prevailing economic/sectoral trends and analyzing implications; apprising clients of investment opportunities, hedging strategies, and arbitrage opportunities; and monitoring client portfolio performance and advising about changes. The company is based in Mumbai, India. They also have a branch in Kolkata.

BUSINESS SITUATION:

A long time –Midas client, Jet Age Finance Pvt. Ltd, needed a more robust Wealth Management Solution that would consolidate all their investments onto a single platform.

Given the performance and risk management requirements of its multi – family office target market, Jet Age Finance Pvt. Ltd, wanted to use a technology solution that could not only support a multi – asset class environment but that had the flexibility to handle custom asset class assignments. The Firm was also looking for a functionally – rich performance reporting capability solution so that they will be enable to handle their multi – family offices.

SOLUTION:

After evaluating several options, Jet Age Finance Pvt. Ltd, made a decision to migrate to Midas Gold Solution, an unique Portfolio Management Software Solution that simplifies information access with SQL relational database and browser interface.

Midas Gold enables the firm to pursue sophistication strategies, track their net family asset holdings, and generate reports for analyzing its exposure and performance.

BENEFITS:

1. Robust transaction entry and accounting capabilities.

2. Makes data easily accessible for portfolio managers without having to run reports.

3. Functionally- rich, comprehensive, and customized reporting capabilities.

4. Leverages daily reconciliation.

5. Individual user security and data permissions combined with detailed audit reporting to keep data secure and accurate.

When Jet Age Finance Pvt. Ltd recognized the need for a more up-to-date, robust and comprehensive portfolio management solution, they are in a need of some industry leading technology partner to underpin its operation.

Jet Age Finance Pvt. Ltd, have been using Midas Solution since 7th July 1994 & continuously handling a portfolio approximately as same as Rs. 800 Crore. They wanted a solution to handle multiple asset classes including custom asset class assignments. In addition to it, quality of performance reporting was a big requirement.

Along with that Midas Gold Solution automates data feeds from custodians and brokers. This powerful capability not only improves efficiency and saves time, but also confers peace of mind. There is no hassle to print a report and know that it’s reliable without having to double-check it each time.

Jet Age Finance Pvt.Ltd wanted a system that would meet their needs today and carry them into the next phase of growth. A major attraction of Midas Gold Solution was the opportunity to consolidate all their family investment in one single solution. So, when Jet Age Finance Pvt. Ltd, penetrated into the market, had opted for MIDAS GOLD Solution, a Wealth Management Solution launched by Eventus Technology Pvt. Ltd. Midas Gold Solution is an industry leading technology platform that could offer that all – important aspects of a considerable portfolio.

When it comes to transaction accounting and reporting MIDAS was a tested system. It has its transaction entry and accounting capability extremely robust and reliable.

Jet Age Finance Pvt Ltd, has given an additional importance on performance reporting, of all asset classes and there MIDAS has shown its value of versatile reporting and recording engine. Along with a broader range of standard reports, the new version of MIDAS Gold Solution includes an array of features that allow users to measure and report performance by individual security and custom classification, with a built – in performance attribution capability that helps pinpoint the factors that have determined performance.

The advantages of Midas Gold Solution is a consolidation of systems, ease of reporting and customization – allow Jet Age Finance Pvt Ltd, to work with greater efficiency.

Thus Midas Gold Solution becomes a good way to take all of their functionality and put it all in one place.  

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